Due to the fact the Chinese stocks continue to plunge, today’s chart is an update from last week’s chart on the Chinese stock market as measured by the Shanghai Composite Index. While much of the world’s attention has been focused on Greece (understandably so with...

And all due to a lower inflation. As predicted the country is clearly in a deflationary process and, with a fiscal deficit close to 5% per year, fiscal consolidation is still a pending task. And guess what! Government continues denying deflation! (see bigger chart below) SOURCE:...

Attributed mainly to cheaper oil by the government, the truth is that lower energy prices just make worse a process that started long time ago. In terms of the European harmonized annual rate the data is -1.5%, so even worse. (see bigger chart below) SOURCE:...

Today’s chart illustrates rallies that followed massive bear markets. For today’s chart, a ‘massive’ bear market is defined as a decline of greater than 50%. Since the Dow’s inception in 1896, there have been only three bear markets whereby the Dow declined more than 50%...